CONSTRUCTION
Raubex set to lead $240m Beitbridge facelift
JSE-listed Raubex is the primary contractor involved in the development of the proposed new Beitbridge border post. Last week the Zimbabwe government launched the project following the signing of a $240m contract for the expansion of the border infrastructure, part of an ongoing push to turn SA’s busiest inland border post into a one-stop crossing. Construction costs are expected to total $170m, with the full cost coming to $240m, including transaction costs, Zimborders Consortium CEO Francois Diedrechsen said on Sunday. Zimborders is a group of Zimbabwean, South African and international investors, and financial institutions. The border post will be run as a public-private partnership between the Government of Zimbabwe and Zimborders under a 17-year concession, said Diedrechsen, a former executive director of Raubex, which earlier in July bemoaned the lack of new projects in SA, saying that its order book had halved in recent years. The Beitbridge contract was awarded to Zimborders...
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